Greg Ip: "‘Peak Car’ Is Holding Back the Global Economy"
Greg Ip's latest for the
Wall Street Journal on why "protectionism, emissions controls and market saturation drag down a linchpin of world economy."
❝ At this week’s biennial Tokyo Motor Show, Toyota Motor Corp.’s booth didn’t feature any cars its customers can buy. Instead, the company showcased a mobile service that gives you a health checkup, with the slogan: “The star of the Toyota booth isn’t a car—the stars are people.”
There’s a good reason Toyota is shifting focus from individual cars: The global auto market is shrinking. World-wide sales fell in 2018, are expected to drop again this year, and Moody’s Investors Service projects another decline in 2020 ... [WSJ.com––paywall-protected]
| GREG IP is the Chief Economics Commentator for the Wall Street Journal. Watch him talk about understanding the economy through trends and policy below, and learn more about booking Greg for your next event today. |
